Ozil currently earns £130,000-a-week, which makes him the club’s equal top earner along with Alexis Sanchez. Only manager Arsene Wenger earns more than Arsenal’s two most expensive ever signings.

Bayern Munich and Fenerbahce are among the clubs monitoring the situation of the playmaker, who turned 27 last month.

But Arsenal do not want to cash in on Ozil, who is regarded by Wenger as one of the team’s most important players.

Banking it: Mesut Ozil is set to become the best-paid player in Arsenal’s history

He tops the Premier League assists chart this season with 12, double that of his closest rival and the most by an Arsenal player in the competition in the same campaign since Cesc Fabregas supplied 13 assists in 2009/10.

The Londoners are keen to tie down first-teamers aged under 30 to long-term contracts and the Ozil contract situation is one of the main ones on their radar.